UK Government awards £89 million for Net Zero tech projects
Overview: The UK Department for Business and Trade has allocated £89 million in funding to advance 20 innovative Net Zero technology projects, solidifying the UK's position as a global leader in zero-emissions vehicle technology. This funding is administered through the Advanced Propulsion Centre UK (APC), with £45.2 million from the government and an additional £42.7 million contributed by the automotive industry.
Notable winners: Aston Martin (luxury electric vehicle platform), Perkins (net-zero hydrogen-hybrid power system for off-road vehicles).
Expected impact: creation/safeguarding of over 4,700 jobs, reduction of nearly 65 million tonnes of CO2 emissions over the next decade (attributed to these four R&D projects alone).
Additional funding: £11.3 million awarded to 12 UK-based projects through SuRV (Scale-up Readiness Validation) and APC’s Automotive Transformation Fund (ATF) feasibility studies competition.
Source of information: https://movemnt.net/government-announces-89-million-funding-for-cutting-edge-ev-projects/ (Published 10 October 2023).